Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into smart cities. This time, you get to discover 5 hand-picked startups tackling power cuts.
Global Startup Heat Map highlights 5 Top Startups tackling Power Cuts out of 356
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 356 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups developing solutions to manage power cuts, that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 351 solutions tackling power cuts, get in touch.
SMAP Energy provides a Smart Meter Analytics Platform
One of the big challenges in implementing functional smart cities is an uninterrupted power supply. Power grid stability for connected infrastructure is crucial for reliable control, coordination, and public safety in cities. Moreover, power utilities need real-time and historical grid demand data to accurately predict disruptions. Startups develop analytical solutions using big data and machine learning (ML) to predict grid demand and avoid power blackouts caused due to abrupt variations in load.
SMAP Energy is a British startup that offers a software-as-a-service (SaaS) solution, the Smart Meter Analytics Platform (SMAP), to analyze energy consumption data from smart meters. The startup utilizes ML to better understand and react to customer behavior. The startup’s proprietary algorithms enable electric utilities to optimally design a time-of-use (TOU) tariff and predict load curve shifts. Further, SMAP allows utilities to incentivize short-term turn-down and turn-up events. These help in imbalance mitigation and hedging, thereby improving profitability and customer retention.
LuminGo offers Power Outage Management for Smart Cities
Conventional electric grids already follow peak shaving and load shifting to reduce power outages. However, with connected infrastructure, the number of devices connected to a grid is set to increases multifold. Therefore, to efficiently manage smart city power grids, startups develop intelligent solutions backed by real-time monitoring. With reliable communication channels, utilities communicate load variations and coordinate diagnostics at commercial and industrial facilities to avoid a power blackout.
Swedish startup LuminGo offers tailor-made solutions for electricity distribution companies with high-frequency outages. The startup’s LuminGo Power Outage Management solution provides comprehensive controls for peak shaving applications using the internet of things (IoT). LuminGo also offers the LuminGo Smart Grid software that allows electricity consumers to gain access to reliable power. Furthermore, the LuminGo Virtual Power Plant Management Unit enables users to combine distributed energy resources (DER) such as solar, wind, and geothermal, increasing grid flexibility.
Turiyatree Technologies develops Smart Energy Management Solutions
Smart cities do not always require a complete overhaul of power grid redesign to accommodate more devices. However, aging assets still pose a threat to power grids worldwide. Moreover, conventional preventive maintenance mechanisms impart high downtime and may not extend equipment life, drastically affecting critical infrastructure. To counter this, startups integrate predictive maintenance to forecast disruptions in power grid infrastructure. This also helps energy providers manage the grid to increase equipment life and stability.
Turiyatree Technologies is an Indian startup that develops intelligent energy management solutions for sustainable energy efficiency using IoT, data analytics, and AI. The startup’s Gyatix solution is smart energy management and predictive maintenance platform, enabling operators to proactively maintain assets and prevent breakdowns. Further, Gyatix forecasts future demand scenarios and potential cost savings. This helps electric utilities manage the power grid for improved stability and reduce overall chances of power outages.
Sigora International builds Smart Meters for Real-Time Grid Monitoring
Smart meters are an integral part of the grid management system in smart cities. They communicate with electricity suppliers for system monitoring and customer billing. Such advanced metering infrastructure (AMI) facilitates the collection and distribution of near real-time information among customers, suppliers, and service providers. This further enables businesses and consumers to alter their services and consumption, based on grid demands, and avoid potential outages. Startups are developing high-performance smart meters that are readily integrable into smart city infrastructure.
Sigora International is a US-based startup that develops smart meters and grid management dashboards for electric utilities. The startup’s smart meters are capable of storing grid and financial data in the cloud. Further, Sigora’s smart meters support software-regulated wattage ceilings for demand control and a tiered power-on system to protect the grid following power cuts.
Future IQ optimizes Energy Conservation through the IoT
Smart meters provide critical operational data for energy providers, helping them track, in real-time, grid load. Additionally, smart meters facilitate home energy management systems (EMS) for customers, enabling them to track their energy consumption. For example, smart appliances such as refrigerators and washing machines respond to signals from energy providers to avoid using energy during peak demand. Startups develop EMS solutions to facilitate remote communication between intelligent appliances and utilities, thus avoiding potential surge-related power outages.
Australian startup Future IQ develops energy management solutions that allow residential or commercial buildings to generate energy and minimize usage. The Future IQ Smart Hub integrates IoT into buildings to control lighting, appliances, home security, and more. This way, the startup automates and optimizes energy conservation and also stores excess power into batteries. Moreover, the Future IQ Smart Hub improves energy efficiency and helps electric utilities implement grid optimization and power-to-grid capabilities.
Discover more Smart City Solutions
The 356 startups tackling power cuts, such as the 5 examples highlighted in this report, focus on smart meters, real-time grid monitoring, and energy consumption tracking and conservation. While all of these technologies play a major role in advancing electricity security, they only represent the tip of the iceberg. To explore more smart energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Industry Innovation Reports to save your time and improve strategic decision-making.